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High Court of Karnataka · body

2026 DAILYLAW 3804 (KAR)

M/S. SREE MADESHWARA TRADERS v. UGRO CAPITAL LTD.,

RP/162/2026 · 2026-04-15

Lalitha Kanneganti

Review Petitionbody2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

- 1 - HC-KAR NC: 2026:KHC:20337 RP No. 162 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 15TH DAY OF APRIL, 2026 BEFORE THE HON'BLE SMT. JUSTICE LALITHA KANNEGANTI REVIEW PETITION NO.162 OF 2026 IN WRIT PETITION NO.23813/2024 (GM-DRT) BETWEEN: 1. M/S. SREE MADESHWARA TRADERS A WHOLESALE PROVISIONAL STORE REPRESENTED BY ITS PROPRIETOR SRI S.J. GIRISH AT MUNICIPAL NO.28 AND 29, NEW NO. 28, PID NO.40-119-28 AND MP 40-119-29, 1ST H CROSS, SUBBANNA GARDEN, MARENHALLI BBMP WARD NO.40, BENGALURU-560040. 2. SRI S.J. GIRISH AGED ABOUT 54 YEARS S/O SRI S.J. SHANKAR R/AT NO.13/1 7TH MAIN ROAD SUBBANNA GARDEN VIJAYANAGARA BENGALURU-560 040. 3. SMT. SHARADA AGED ABOUT 39 YEARS W/O SRI S.J. GIRISH R/AT B1, 7TH MAIN ROAD SUBBANNA GARDEN VIJAYANAGARA BENGALURU-560 040. Digitally signed by DEVIKA M Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:20337 RP No. 162 of 2026 4. SRI PRAMOD G., AGED ABOUT 28 YEARS S/O SRI S.J. GIRISH R/AT NO.13/1 7TH MAIN ROAD, SUBBANNA GARDEN VIJAYANAGARA BENGALURU 560040. …PETITIONERS (BY SRI. ASHOKA T., ADVOCATE) AND: 1. UGRO CAPITAL LTD., A BANKING COMPANY/NBFC, REPRESENTED BY ITS AUTHORIZED OFFICER SRI LOHITH S, REGISTERED OFFICE AT 4TH FLOOR TOWER 3, WEST WING EQUINOX BUSINESS PARK LBS ROAD, KURLA (WEST), MUMBAI – 400 070. BRANCH OFFICE AT 1ST A 1ST FLOOR HTC ASPIRE NO.19, ALI ASKER ROAD VASANTH NAGAR, BENGALURU–560 052. …RESPONDENT THIS REVIEW PETITION IS FILED UNDER ORDER 47 RULE 1 R/W SECTION 114 OF CPC 1908, PRAYING TO REVIEW THE JUDGMENT AND ORDER DATED DECEMBER 18, 2025, PASSED IN WP NO.23813 OF 2024, BY EXTENDING THE TIMELINE FOR THE PAYMENT OF THE SETTLEMENT AMOUNT, DIRECTING THE RESPONDENT BANK TO ACCEPT THE FULL AND FINAL TENDER OF DUES OFFERED IN FEBRUARY 2026, AND CONSEQUENTLY DIRECTING THE RESTORATION OF PHYSICAL POSSESSION OF THE SCHEDULE PROPERTIES TO THE PETITIONERS UPON THE FINAL PAYMENT, IN THE INTEREST OF JUSTICE AND EQUITY. THIS PETITION COMING ON FOR ORDERS THIS DAY, ORDER WAS MADE THEREIN AS UNDER: - 3 - HC-KAR NC: 2026:KHC:20337 RP No. 162 of 2026 CORAM: HON'BLE SMT. JUSTICE LALITHA KANNEGANTI ORAL ORDER A memo is filed seeking permission to withdraw the review petition. 2. The memo is taken on record. 3. As per the interim order, the petitioner has deposited an amount of Rs.50,000/- by way of Demand Draft. The Registry is directed to return the same on proper identification. 4. Accordingly, the review petition is dismissed as withdrawn. All pending I.As., if any in the petition shall stand closed. Sd/- (LALITHA KANNEGANTI) JUDGE ST List No.: 1 Sl No.: 5